[Costs of Saudi Arabia's Neom green hydrogen mega-project soar by $3.5 billion] Budgets for the Neom green hydrogen mega-project, which will tap vast green energy capacity, have soared 70% to $8.5 billion, according to a financial update from co-developer Air Products. Inflation, spare parts, land upfront costs and interest on a $1 billion loan all contributed to the $3.5 billion budget increase the company is developing in the deserts of northwestern Saudi Arabia with partner ACWA Power, a Saudi renewable energy development Merchant and Neom. Editor/Xing Wentao

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• 2026.07.06 14:46
• [China Harbour wins 4.5 billion yuan for Malaysia's high-speed project]
• In the first half of 2026, China Harbour won the expansion project of Section 1C of the Kuala Lumpur Karnak Expressway in Malaysia, with a contract amount of approximately 4.5 billion yuan. The project has a total length of 60 kilometers and is a key project of the local Second Corridor, connecting the capital area with the East Coast Economic Zone. The project will adopt Chinese standards and be accompanied by intelligent transportation and green construction plans. This winning bid consolidates the advantages of Chinese enterprises in Southeast Asia Road and Bridge, helps improve the quality of logistics in ASEAN, and lays the foundation for cross-border infrastructure project cooperation and China ASEAN industrial integration.Editor/Gong Ziwei

• 2026.07.06 14:12
• [Muwangxi Pumped Storage Project Starts Construction in Hunan]
• On June 30, 2026, the underground powerhouse and lower reservoir project of Hunan Muwangxi Taoyuan Pumped Storage Power Station began construction. This first-class large-scale energy project helps optimize Hunan's energy structure. In the early stage of the project, all supporting tunnels such as diversion tunnels and ventilation tunnels were completed, laying a solid foundation for the main construction.Editor/Min Jing